The new branch is a part-relocation of the old office located on Wo Fung Street in Luen Wo Hui and  part-expansion to include a SupremeGold Centre for high net worth clients and an i-Financial Centre. Aside from full-service banking capabilities, BEA will offer investment funds, linked deposits, securities trading, currency trading, insurance, consumer loans, and mortgage loans through SupremeGold, as well as self-service machines and manned service desks with extended hours through i-Financial. 

The Fanling Centre is located next to the MTR Station, which is considered a key transportation hub in the New Territories' North District. To date, BEA has 88 branches, 59 SupremeGold Centres, and 4 i-Financial Centers throughout Hong Kong. 

The launch is the latest among a series of new openings by the bank this year. Last month, the bank opened a new branch at the Heilongjiang province in China and SupremeGold and i-Financial Centres at Shun Tak Centre in Sheung Wan, Hong Kong.